🔌 Tether’s Bitcoin Mining Expansion Hits a Snag in Uruguay

[cryptoenthusiast]

Tether’s plans to expand Bitcoin mining in Uruguay have stalled after the national electricity provider UTE cut power to its local partner over nearly $5M in unpaid bills. The shutdown affects sites in Flores and Florida regions, delaying the company’s renewable-powered mining ambitions. Talks between Tether and UTE are ongoing, but no timeline for resuming operations has been confirmed.
#CryptoNews #BitcoinMining #Tether #Uruguay

[Rimon Khan]

$5M unpaid bills Even giants like Tether can’t dodge electricity costs

[Nahid Hossen]

Flores & Florida regions offline = major hit to Tether’s renewable mining push